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Jacksonville 32225 East Arlington
1602 HAMMOCK GROVE Lane
$470,000
● House - Off Market

1602 HAMMOCK GROVE Lane

Jacksonville, FL 32225
bedrooms
6 Beds
bathrooms
4 Baths
square feet
3,471 Ft²
$2,428
Est. Monthly
$46
HOA / Fees
8.55%
Cap Rate

About This Property

Huge cul-de-sac lot with a home ready for your finishing touches! Brand new roof and 1-year home warranty included! This home has a great open floor plan with two living rooms downstairs, one downstairs bedroom and full bathroom and five more bedrooms upstairs with another living/flex space, providing plenty of space for a large family. The Primary suite has two walk-in closets with an on-suite bathroom with a tub and shower. The massive back and side yards allow plenty of room for privacy and play! The sellers left a blank canvas for you to choose your own paint, appliances, and flooring choices and priced it accordingly- a great ''as-is'' deal to make your own. Come see this great space today!
Unit Size
3,471 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$140
Property Type
House
Property Taxes
-
HOA Dues
$46
Year Built
2004

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Real MLS #2011509)

Price History

Date / Event Date Event Price
Apr 1, 2024 Sold
Premium
Sold
Feb 29, 2024 Listed by DRIFTWOOD REALTY GROUP $485,000
Listed by DRIFTWOOD REALTY GROUP
Oct 20, 2016 Sold
Premium
Sold
Jun 8, 2016 Listed by DRIFTWOOD REALTY GROUP $330,000
Listed by DRIFTWOOD REALTY GROUP
Nov 14, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 467
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,394
  • Total Building Area: 4,043
  • Gross Building Area: 4,043
  • Building Area: 3,471
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,471
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KERNAN FOREST
  • Land Acres: 0000000468
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: 56-12 10-2S-28E .47 KERNAN FOREST LOT 13

Neighborhood

  • School District Name: Duval County School District
  • Census Tract: 014335

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 8410
  • Parcel: 161020-2505
  • Lot: 13
  • Meridian: SEC 10 TWN 02S RNG 28E
  • Municipality: CITY OF JACKSONVILLE
  • Latitude: 30.3517
  • Longitude: -81.489

    Address

  • Full Address: 1602 Hammock Grove Ln
  • Address - House Number: 1602
  • Address - Street Name: Hammock Grove
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Jacksonville
  • Carrier Code: R178
  • 4-Digit Zip Code: 5575
  • Zip Code: 32225

Valuation

    Tax

  • Total Area: 3,640
  • Tax Year: 2022
  • Tax Amount: $450,952
  • Tax Rate Code Area: GS

    Appraisal Valuation

  • Standard Deviation: 0.1026
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 90
  • Final Value: 483,024
  • High Value: 532,619
  • Low Value: 433,429

    Market Valuation

  • Market Total Value: $384,177
  • Market Land Value: $70,000
  • Market Improvement Value: $314,177

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $295,364

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 21, 2024
  • Current Sale Recording Date: Apr 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 64922
  • Previous Sale Recording Date: Oct 20, 2016
  • Previous Sale Contract Date: Oct 11, 2016
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Greater Arlington

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$206

Below Asking

0.02%

Average Days on Market

62

Average Home Size

1770 ft²

Average Home Age

43.1 years

Currently For Sale

569 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 12418 Running River Road S, Jacksonville, FL, 32225

$3,350 /mo

  • 4 Beds
  • 2 Baths
  • 1,960 ft²
12418 Running River Road S, Jacksonville, FL, 32225 Listing by AKIME HEYWARD

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: KRISTIN DOAKES, DRIFTWOOD REALTY GROUP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2011509
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1602 Hammock Grove Lane built and last sold?
The property at 1602 Hammock Grove Lane was built in 2004 and last sold on Mar 21, 2024 for $470,000.
How much is this home worth?
The estimated value of the home located at 1602 Hammock Grove Lane is $481,786.
What are some comparable homes to 1602 Hammock Grove Lane?
There are currently no comparable homes to 1602 Hammock Grove Lane.
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